1620 E Broad St APT 606ColumbusOH43203
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Columbus at 1620 E Broad St APT 606, Columbus, OH, 43203 offers a 9.26% rental yield on a $199,000 purchase with $1,536/mo rent. Total monthly income registers $1,536/mo, and a $974/mo payment leaves $227/mo available for distribution. Annual cash flow reaches $2,724/yr on $65,969 to close, and return on cash invested stands at 24.04% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 125.58% and total cumulative return in cash at $82,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,536/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43203, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 1,217 (23.0%) |
| Renter Occupied HU | 3,198 (60.5%) |
| Vacant Housing Units | 868 (16.4%) |
| Median Home Value | $324,925 |
| Average Home Value | $381,072 |
Housing Distribution
Address Breakdown
Residential
4,478
Single Family
2,909
Multi-Family
1,569
Businesses
240
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